Cryptocurrency Stacks Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Stacks (STX) experienced a 3.68% increase in price over the last 24 hours, reaching $1.54. This rise is part of a positive trend over the past week, with a 1.0% gain from $1.52. Despite the increase, trading volume for STX has decreased by 32.0% over the past week, while its circulating supply rose by 0.58% to 1.44 billion, 79.07% of its max supply. STX's market cap is currently ranked #43 at $2.21 billion.
February 02, 2024 | 7:00 pm
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Stacks (STX) has seen a 3.68% increase in price to $1.54 over the last 24 hours, with a 1.0% gain over the past week. The trading volume has decreased by 32.0%, while the circulating supply has increased by 0.58% to 1.44 billion.
The increase in STX's price over the past 24 hours and week indicates a positive short-term trend for the asset. However, the decrease in trading volume could suggest less trading activity or interest, potentially limiting further short-term gains. The increase in circulating supply might have a dilutive effect on the price, but the current positive momentum and market cap ranking suggest a stronger demand that could sustain the price increase in the short term.
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